Pay in Private - As Anonymous and Safe as Cash

IRVINE, Calif., March 4, 2014

A September 5, 2013 report from the Pew Research Center found that 86% of Internet users have taken steps to increase their privacy as a result of ongoing compromises related to their personal and financial information. Pay in Private provides a secure payment solution that is as anonymous as paying with cash. Pay in Private is a free Android and iPhone app that eliminates the need for a plastic card and is always available whenever you have your phone, even if you are not connected to your mobile network.

Since it is prepaid, there is no credit card bill to pay at the end of the month, no late fees, and can be used wherever Debit MasterCard is accepted! Deposits are FDIC insured up to $250,000 through The Bancorp Bank; Member FDIC.

"With both credit and debit card fraud on the rise, this timely initiative not only demonstrates our ability to create secure technological solutions that are interoperable with existing worldwide payment networks, but also offer consumers a tool that ensures privacy and security whenever spending online! The simplicity of our Mobile Virtual Card is only matched by the strength of the security and functionality it provides, and the fact that it operates off-line guarantees that the customer experience will always be of the highest possible standard. The introduction of Pay in Private marks the first step of Net1's renewed focus on introducing our Mobile Virtual Card technology across multiple geographies," said Philip Belamant, Chief Executive Officer of Net1 Mobile Solutions.

"Online customers are increasingly demanding higher levels of privacy and security to purchase online," said Jerry M. Klein, Pay in Private's Chief Executive Officer. "We are excited to partner with Net1 and to leverage their extensive expertise in alternative payments and security, by introducing Pay in Private, an innovative solution catered specifically to online customer's needs. The patented process does not disclose any personal financial information, and provides increased privacy, protection from identity theft, as well as an online payment option for those who do not have access to a physical plastic card," he added.

About Net1 (www.net1.com)

Net1 is a leading provider of alternative payment systems that leverage its Universal Electronic Payment System, or UEPS, to facilitate biometrically secure, real-time electronic transaction processing to unbanked and under-banked populations of developing economies around the world in an online or offline environment. Net1's UEPS/EMV solution is also completely interoperable with global EMV standards that seamlessly permit access to all the UEPS functionality in a traditional EMV environment. In addition to payments, UEPS can be used for banking, healthcare management, payroll, remittances, voting and identification.